Bitcoin (BTC) Turns Short Term Bearish But Holding Key Support

Bitcoin price traded to a new weekly high at $7,664 and declined recently against the US Dollar. The price is now trading below the $7,420 and $7,400 support levels. There is a key bearish trend line forming with resistance near $7,525 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher, but it could face resistance near $7,420 or $7,500. Bitcoin price is back in a short-term bearish zone below $7,400 against the US Dollar. BTC must stay above $7,280 to…

Ethereum (ETH) Stuck In Range Below Key Resistance, Bitcoin Struggling

Ethereum is struggling to clear the key $152 resistance area against the US Dollar. The price is declining and it is now trading near the $146 support area. Yesterday’s major bullish trend line was breached with support near $148 on the hourly chart of ETH/USD (data feed via Kraken). The price could continue to move down and it might test the $144 support zone. Ethereum price is showing a few bearish signs versus the US Dollar, while bitcoin is down 2%. ETH price must stay above $144 to revisit the…

10 Key Things to Consider When Choosing a Crypto Exchange

Choosing the right cryptocurrency exchange may be one of the most important initial tasks an interested trader or investor must complete. Picking the wrong platform could potentially lead down a road riddled with hacks, distractions and wasted effort. When looking for the right exchange, interested parties must first know what they are looking to accomplish. For example, is the goal to simply invest on a longer term basis, or to trade in and out of positions regularly? Investors might look to spot exchanges. These are platforms on which one can…

Key Bitcoin Price Indicator Turns Bearish, But It May Not Be Bad News

Disclaimer Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it…

Ethereum (ETH) Flirts With Key Resistance, Bitcoin Up 3%

Ethereum is slowly rising and it is trading above the $146 support area against the US Dollar. The price is facing a few strong resistances near $148, $150 and $152. There is a key contracting triangle forming with resistance near $148 on the hourly chart of ETH/USD (data feed via Kraken). The price could continue to rise towards the main $152 resistance in the near term. Ethereum price is approaching important hurdles versus the US Dollar and bitcoin. ETH price must settle above $152 to continue higher in the near…

Ethereum (ETH) Diving Below $150, Bitcoin Breaks Key Support

Ethereum is declining and it recently traded below the $148 support against the US Dollar. The price is currently below $145 and it seems like there is a risk of more downsides. Yesterday’s key bearish trend line is active with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $146 and $148. Ethereum price is declining further below key supports versus the US Dollar, similar to bitcoin. ETH price remains at a risk…

Key Indicator Shows Ripple (XRP) Price Could be on the Verge of a Rally

The majority of the Ripple (XRP) holders were waiting for the yearly Swell conference to bring some excitement to XRP price. However, the price didn’t move at all and now Ripple is searching for annual lows on its USD pair.  Crypto market daily performance. Source: Coin360 The question is, was it reasonable for investors to expect a vast rally before the Swell conference or should they have not expected any upward movement at all? Let’s look at the charts to see what XRP price might do in the future.  Ripple…

Ripple (XRP) Price Continues To Probe Key Supports

Ripple price is struggling to stay above the $0.2180 support area against the US dollar. The price is likely to face resistance near the $0.2230 and $0.2240 levels. Yesterday’s key bearish trend line is intact with resistance near $0.2230 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum also seems to be facing a strong resistance near the $150 and $152 levels. Ripple price is facing an uphill task against the US Dollar and bitcoin. XRP price must settle above $0.2250 to continue higher in the…